NOS, SGPS - 1H - Technical analysis published on 10/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
72%
6%
My opinion
Bearish under 3.720 EUR
My targets
3.600 EUR (-1.23%)
3.570 EUR (-2.06%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for NOS, SGPS as long as the price remains well below 3.720 EUR. The next bearish objective for sellers is set at 3.600 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.570 EUR. In case of crossing, the next objective would be the support located at 3.525 EUR. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 3.600 EUR. With this support, against the trend traders who want to buy NOS, SGPS on a buy signal from their trading strategy should not hesitate to act.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOS, SGPS rating is 3.645 EUR. The price registered a decrease of -0.27% on the session and was traded between 3.635 EUR and 3.655 EUR over the period. The price is currently at +0.28% from its lowest and -0.27% from its highest.3.635
3.655
3.645
Here is a more detailed summary of the historical variations registered by NOS, SGPS:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NOS, SGPS indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.570 | 3.600 | 3.630 | 3.645 | 3.660 | 3.720 | 4.224 |
| Change (%) | -2.06% | -1.23% | -0.41% | - | +0.41% | +2.06% | +15.88% |
| Change | -0.075 | -0.045 | -0.015 | - | +0.015 | +0.075 | +0.579 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.583 | 3.612 | 3.633 | 3.662 | 3.683 | 3.712 | 3.733 |
| Camarilla | 3.641 | 3.646 | 3.650 | 3.655 | 3.660 | 3.664 | 3.669 |
| Woodie | 3.580 | 3.610 | 3.630 | 3.660 | 3.680 | 3.710 | 3.730 |
| Fibonacci | 3.612 | 3.631 | 3.643 | 3.662 | 3.681 | 3.693 | 3.712 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.457 | 3.518 | 3.597 | 3.658 | 3.737 | 3.798 | 3.877 |
| Camarilla | 3.637 | 3.649 | 3.662 | 3.675 | 3.688 | 3.701 | 3.714 |
| Woodie | 3.465 | 3.523 | 3.605 | 3.663 | 3.745 | 3.803 | 3.885 |
| Fibonacci | 3.518 | 3.572 | 3.605 | 3.658 | 3.712 | 3.745 | 3.798 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.327 | 3.418 | 3.537 | 3.628 | 3.747 | 3.838 | 3.957 |
| Camarilla | 3.597 | 3.617 | 3.636 | 3.655 | 3.674 | 3.694 | 3.713 |
| Woodie | 3.340 | 3.425 | 3.550 | 3.635 | 3.760 | 3.845 | 3.970 |
| Fibonacci | 3.418 | 3.499 | 3.548 | 3.628 | 3.709 | 3.758 | 3.838 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.02 | |
| MACD (12,26,9): | -0.0040 | |
| Directional Movement: | -17.698 | |
| AROON (14): | -85.714 | |
| DEMA (21): | 3.655 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.655 | |
| Elder Ray (13): | -0.012 | |
| Super Trend (3,10): | 3.679 | |
| Zig ZAG (10): | 3.640 | |
| VORTEX (21): | 0.8070 | |
| Stochastique (14,3,5): | 9.09 | |
| TEMA (21): | 3.642 | |
| Williams %R (14): | -90.91 | |
| Chande Momentum Oscillator (20): | -0.040 | |
| Repulse (5,40,3): | -0.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0030 | |
| Courbe Coppock: | 2.42 |
| MA7: | 3.648 | |
| MA20: | 3.619 | |
| MA50: | 3.559 | |
| MA100: | 3.476 | |
| MAexp7: | 3.647 | |
| MAexp20: | 3.658 | |
| MAexp50: | 3.650 | |
| MAexp100: | 3.635 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | +0.72% | |
| Price / MA50: | +2.42% | |
| Price / MA100: | +4.86% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.36% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | +0.28% |
Quotes :
-
15 min delayed data
-
Euronext Lisbonne
NOS SGPSThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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